ES/SPX Plan 7/15/2025 - CPI Will We Break Out?
Lets Talk Levels
Market Recap:
Market Gapped down on some more tariff headline risk from Friday close to ~6280s from 6295. We spend most of the Open chopping around trying to maul out any supply. This took most of the day, but bulls managed to continue to be persistent and break out into 6310 for another round trip from 6280-6310
Market Sentiment: - +1 - 76 Extreme Greed
Market Close Context:
Bulls continue to maul out any and all sell side supply. This morning we bounced aggressively off the 6280 with micro dips at 6288-85 bid until we broke away into 6295-6310. As price continues to accept higher prices, bulls remain in steady and firm control . I have been getting mauled trying to short and I have to capitulate to this demand and will be focused on long plays until value shifts below 6258-6231.
On a higher time frame we are currently : High of Prior Week ~6316
News for tomorrow: CPI Pre Market 1 hour to NY open
Overall Bias: Bullish < 6280 / Neutral 6269-6280 / Bear 6260 >
Into tomorrow we have one main inflection points of interest : 6293
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